Georgia Defined Contribution Plan

Temporary and part-time (under 20 hours) KSU employees not eligible to participate
in the Teachers Retirement System (TRS) or the Optional Retirement Plan (ORP) are
required to participate in the Georgia Defined Contribution Plan. This plan was created
by the 1992 Georgia Law, Act 996 and became effective on July 1, 1992.

KSU pays benefits to Medicare but does not pay into Social Security on behalf of employees
enrolled in GDCP. This means that temporary and part-time (under 20 hours) employment
is recognized for purposes of Medicare but not for Social Security benefits. More
information regarding the requirements of the plan is available through the ERS website
at www.ers.ga.gov.

*CONTRIBUTION RATE

Members contribute 7.5% of gross salary to the plan through mandatory payroll deductions. This
is deposited in each members account.

*INTEREST AND INVESTMENT

The rate of interest is determined by the Board of Trustees based upon the return
on investments minus administrative expenses. There could be times when no interest
is credited due to low return on investments

*from ERS website, Georgia Defined Contribution Plan Brochure

Opt-Out Option

By providing the appropriate documentation, the following temporary employees may
be exempt from participating in the Georgia Defined Plan:

Those currently receiving a retirement income benefit from Teachers Retirement System
of Georgia (TRS) or the Employees' Retirement System of Georgia (ERS). A TRS/ERS benefits
payment statement from the current month must be provided upon employment.

Employees currently contributing to a TRS or ERS through active payroll deduction
at another employer. A payroll check advice from the current month showing an active
TRS/ERS deduction must be provided upon employment.

Employees working for an institution who are regularly enrolled and attending classes
at that institution and who meet IRS student exclusion criteria.

Employees qualified as bona fide independent contractors.

Refunds

A contributing member who terminates employment and meets the criteria below may apply
for a refund of accumulated contributions and interest. To apply for a refund, complete
the Application for Refund of Contributions - GDCP form and submit to Human Resources. Please note: It may take up to 6 weeks for your
refund to be processed. You may call ERS directly to check on the status of your refund
at 404-350-6300.

Refund Policy

KSU will process your GDCP Application for Refund under the following circumstances:

You resign;

Your position ends;

You move into a regular position eligible for TRS or ORP participation; or

You have a more than a 30 day break in service.

KSU will process your Application after you receive your final paycheck with the GDCP
deduction.

If you are employed in a position that is sporadic in nature, your employment with
KSU will be considered active as long as you continue to be available for assignments
or intermittent work. KSU will not process GDCP Application for Refunds for active
employees.